Morning journal and courier., 1887-11-01
ALLIED TO E. s. WHEELER & co.

The New York Wire and Wire Spring
 Company, Which Did Business With
 she Defunct Wheeler Company, As-
 aigna-GeneraI S. E. Merwtn Named
 as Assignee-What MT. GaIpIn, Secre-
 tary of the Concern, Says Caused she
 Assignment - Different Statements
 Made as 10 When the Concern Was
 Incorporated.
 Shortly before the Probate court office closed yesterday afternoon an assignment was made which will cause considerable excite nent.
 The New York Wire and Wire Spring company is the name of the firm that assign ed and General s. E. Merwin, trustee of the defunct Wheeler estate, was named as as- signee. The Wire Spring company was allied wi!h the E. S. Wheeler Co.
 Samuel A. Galpin, receiver of the Wheeler estate, was seen at his residence last even- ing. He said in answer to queries:
 sThe New York Wire and Wire Spring company was organized under the laws of Connecticut and had capital of $25, 900. The business of the concern was in manu- featuring high grade of steel wire, clock and curtain springs and articles of like nature. It has been in existence between 
 concern were Colonel A. B. Parker of New
 York, secretary and treasurer, and s. A. Galpin, secrerary. The goods manufactured by the concern were sold principally in New York"
 "Where was the business of the concern carried on?" was asked.
 'At the mill of the Wheeler company over in East Haven," replied MT. Galpin.
 ''What caused the assignment?"
 "Well, it was like this" said MT. Galpin: 'tSome attachments were placed on the prop erty of the Wire Spring company by New York parties and the assignment was made so as to dissolve the attachment. ''This was done so as to insure an equitable distribution of assets among all the credit ors."
 "What are the liabilities of the concerng'' GAS to that am not at liberty to state just yet. The law allows us five days to file our statement in the probate office. The statement will be filed soon and within the time allowed by law" Further than the above MT. Galpin said that there was nothing to make public about the concern and he expressed the hope that the papers wouldn't make much ado over the matter.
 General s. E. Merwin, the assignee, was seen by COURIER reporter. General Merwin stated that he knew little about the assign ment and much less of its business relations The first he knew that he had been made as, signee was when Judge Robertson informed him of the fact early in the evening. He | knew that some of the banks were carrying some of the concerns paper. He was of the \ opinion that MI. Wheeler did not own any of the stock of the concern in his own name although the Spring company was closely al ! lied with MT. Wheeler. 'How much is the capital stock of the con cerng'' /. ''Ten thousand dollars was the reply. "How lorg had it been in existence?" ''I am sure don't know" "Did you ever hear of it before you came across it's paper held by the banks?" "To tell the truth, I can't say that did,"
 General Merwin said that he knew nothing about the officers or business of the concern but that near as he could learn it was ere ated for MT. Wheeler's benefit. He was ot the opinion that MT. Galpin was either presi dent or secretary. General Merwin said il was apparent that there would be an immense
 amount of litigation growing out of the Wheeler failure.
 Mr. Wheeler could not be found at his Hillhouse avenue residence last evening anc his version of the assignment could not be obtained.
 Some bank men were seen and their views tremely radical They say that a quantity of the paper was held in the local and other banks.
 A perusal of the list of joint stock compa nies as published by the Secretary of State ir tte appendix to the Special Acts of 1S8t
 discloses the fact that ''The New York Wire | and Wire Spring company" is located in New Haven and that it's certificate of incoIpora | tion was filed in the office of the Secretary o1 | State on July 23, 1885. There is no mention rcade of the concerr \ in the New Haven directory. s 's-=